Key economic events for the week of Oct. 7

October 6, 2013

As Washington enters the second week of a government shutdown, a number of scheduled economic reports will probably not be released this week. Here’s a roundup of those still on track.

Monday

Consumer credit data for August are out at 3 p.m. Experts forecast that Americans borrowed an estimated $12 billion, up from $10.4 billion the previous month.

Tuesday

The National Federation of Independent Business releases its September index of small-business optimism at 7:30 a.m. The index is expected to stay at the same level of 94, which indicates that small-business owners are still optimistic about the economy. Because this number reflects the outlook before the shutdown, it remains to be seen what next month’s index will show.

The release of two pieces of data depend on whether the shutdown lifts: the country’s international trade deficit and the Job Openings and Labor Turnover index. In July, the trade deficit stood at $39 billion.

Wednesday

The status of the shutdown will also affect whether wholesale inventory data for August are released. In July, sales and inventories were up 0.1 percent.

The Federal Reserve releases the minutes of its September meeting at 2 p.m. After that meeting, the Fed said it would continue its economic stimulus policy, suggesting that it still thought the economy needed help. The minutes should offer more insight about how the Fed arrived at that decision.

Thursday

Finance ministers and central bankers from the Group of 20 nations are scheduled to meet in Washington and discuss recent developments in the global economy.

Friday

The World Bank and the International Monetary Fund kick off their annual two-day meeting in Washington.

Updates on retail sales, business inventories and the producer price index all depend on the status of the shutdown.

Amrita Jayakumar covers federal government contracting for Capital Business, The Post's local business publication.
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